The Cellphone Camera - A cellphone and camera combination capable of remote video reception and broadcast in the palm of your hands!
EXECUTIVE SUMMARY - Description of the Company
Smith Engineering, Inc. develops cutting-edge technological inventions to residents of the Tri-State Metropolitan area. There is hardly a way to dispute the speed and success of the tech sector, and Smith Engineering intends to capitalize on the success of this industry by introducing several new technological wonders.
President Leo Smith currently holds the company's stock. Prior to starting Smith Engineering Inc. Mr. Smith spent over twenty years as a successful entrepreneur, with business interests ranging from real estate to film production. Presently Mr. Smith is collecting a team for developing and marketing.
The Cellphone Camera-Detailed View2
Mission Statement
Smith Engineering is dedicated to working with intelligent ideas that it would research and develop -- intelligent ideas that will provide new job opportunities and new income for workers and their families; new and intelligent ideas that offer goods, services and products that will make people's lives more rewarding and exciting The company's goal is to grow steadily, becoming profitable by the second year of operations.
Products and Services
There are Over 180 million cell subscribers, over 60% of the US population alone! Worldwide revenue from mobile data services will rise from $61 billion in 2004 to $189 billion in 2009, according to Strategy Analytics.
A cellphone is not just a cellphone anymore.
Our cellphones have not only become a major part of our lives, doing text messaging, downloading business applications, accessing the Internet, paying for tolls, parking meters etc. It appears as though the possibilities with our cellphones are endless.
With 180 million cell subscribers and growing yearly the masterful marketing minds are quickly generating new ideas to cash in on. It's all about marketing as usual and about making our already complicated lives more easy. The largest source of revenues will be communication, includes various forms of text messaging, as well as photo and video messaging. This sector will account for 46% of mobile revenues in 2009. Let's not forget mobile entertainment, notably ring-tones, games, music/media, and sports related content which will also constitute a notable chunk of the global data revenues pie at 28%.
As with the computer, the cellphone industry is quickly finding out that with this massive growth industry, security has also become a huge issue. Mobile security threats like the stealing of Paris Hilton's personal info brought this problem into the mainstream media, including a recent cell phone virus in Europe that quickly spread to 16 countries in 6 months.
Smith Engineering recently developed a concept for a cellular-controlled and operated remote camera. The Cell Camera is currently under patent. Several other technologies have been conceptualized and patented over the past year. Smith Engineering has also established connections in the fields of airplane manufacturing, auto manufacturing and electronics in anticipation of constructing new technologies already under patent.
Research indicates that Smith Engineering's target market is captivated by the novelty and utility of new tech, and is eager to purchase those items that they find fulfilling both on emotional and practical functions. Research also suggests that there is an established concern for security and a necessity for highly-advanced communication at consumer levels. Smith Engineering will cater to these needs, particularly in the case of the cell camera, and develop a strong return-customer base.
In order to maintain and improve their current position in the region, they have invested in a Web site (www.smithengine.com). Smith Engineering maintains the following advantages over existing competition: ongoing support to clients and investors; extensive knowledge of inventions and patent registration; superior customer service via informative Web site.
Financial Forecast
Smith Engineering expects that by concentrating full-time on developing the cell camera and acquiring investors, production can begin in earnest on the mass-market level by August 2006. Other concepts will continue to be developed, but at a significantly lower priority level.
Smith Engineering seeks to recoup financing obtained from initial investments completely by June 2009.
Financing Requirements
Leo Smith is forming an Initial Public Offering (IPO) for development of the cell camera, to be offered online via Web site. The price of shares has yet to be determined. Return on shareholders capital by Year Three is projected to be close to 100 percent. The purpose of the business plan is to communicate this highly profitable opportunity to Mr. Smith's partners in the construction of the cell phone prototype and to outside investors, and to attract interest in the venture.
Alternatively, Mr. Smith is considering loan finance made up of a $41,750 two-year loan and a credit line of $58,450. In total, about $125,250 will be needed to fund the business during the initial months.
